Wall Street Expert Predicts Ripple IPO Date
17 Novembre 2023 - 9:35AM
NEWSBTC
Wall Street financial expert Linda Jones recently offered a
detailed forecast regarding the potential Initial Public Offering
(IPO) of Ripple. Speaking at a Fireside chat with Linqto, a pre-IPO
investment platform, Jones outlined her insights into the expected
timeline and factors influencing Ripple’s decision to go public.
Jones stated via X, “Here is my interview with Linqto today. We
talked about when Ripple might go public, my back of the envelope
calculation for what the stock might be worth and potential
acquisition targets.” Ripple IPO In May 2024? Despite Ripple’s
apparent lack of immediate need for IPO-related funds, Jones
suggested that investor pressure might compel the company’s
executives towards this path. She elaborated, “Well like I said,
Ripple was founded in 2012, and I think their investors want the
exit and Brad [Garlinghouse] will get pressure to do that even
though they don’t need the money from the IPO.” Related Reading:
Ripple Introduces AMMs To XRPL, But Is This Good Or Bad For XRP
Price Her forecast hinges on a broader economic outlook, predicting
a bull market spurred by decreasing inflation and interest rates,
thereby creating a conducive environment for public offerings. “I
do think we will go into this incredible bull market that will
happen from the drop of inflation and interest rates that will lead
to a very strong rise in stocks that will allow the IPO market to
get very hot next year,” Jones added. Jones pinpointed mid-May
2024, specifically around May 15, as the ideal window for Ripple’s
IPO, contingent on favorable market conditions and company
readiness. “I think there is an opportunity if Ripple wants to go
public next year that mid-May would be an ideal time, right around
May 15 would be an ideal time – that’s my first target that they
might go public if everything – the stars, the Sun, and the Moon –
lined up, and they wanted to go public,” she explained. Related
Reading: Ripple Vs. SEC: Epic Battle Unfolds Over $770M
Disgorgement Demand However, she also cautioned about the
uncertainty of this timeline, indicating that if Ripple misses this
window, the next viable opportunity might not arise until 2025. “If
it doesn’t happen, then I think it probably won’t happen until
2025,” Jones remarked. One Roadblock Remains To Be Removed Further
complicating Ripple’s path to an IPO is the ongoing legal conflict
with the US Securities and Exchange Commission (SEC). Ripple CEO
Brad Garlinghouse has acknowledged this challenge, noting that SEC
approval for Ripple’s Form S-1 Registration Statement is necessary
for an IPO. As long as the legal battle persists, this approval
remains uncertain. At press time, the XRP price traded at $0.6165
after dropping below the 0.382 Fibonacci retracement level.
Featured image from Shutterstock, chart from TradingView.com
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